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By Ted Caddell FirstEnergy said Tuesday it has reached a proposed settlement with Public Utilities Commission of Ohio staff that would provide guaranteed income for eight years for two of the company’s merchant generating stations and for the portion the company owns of two other plants. FirstEnergy has said that...

By Rich Heidorn Jr. TORONTO — On April 8, 2014, the Thunder Bay Generating Station belched out the last kilowatt of coal-fired electricity in Ontario, a signature achievement for Canada’s most populous province. “The single largest climate change initiative in North America,” the Ontario Power Authority boasted. Ontario’s carbon emissions...

By Amanda Durish Cook FERC last week reaffirmed its rejection of MISO’s proposal to institute a mandatory capacity market, denying rehearing of its 2012 order on the issue. In June 2012, FERC conditionally approved revisions to improve deliverability of capacity resources in the MISO footprint, but the commission rejected MISO’s...

WILMINGTON, Del. — A Tariff change endorsed by stakeholders last week will allow PJM to release Base Capacity resources to reflect the Capacity Performance resources it acquired in the transition auction for the 2016/17 delivery year. PJM procured more than 4,200 MW of new capacity in that auction in August.

By Suzanne Herel FERC last week rejected a request by consumer advocates that it force PJM to update its 2015 peak load forecast using recent modeling enhancements to prevent over-procurement of resources in this year’s capacity auctions. “While there will inevitably be some difference between PJM’s load forecast and the...

FERC denied rehearing of three orders related to ISO-NE’s Pay-for-Performance program that is intended to boost reliability starting in 2018. In jump ball proceedings, FERC had said neither ISO-NE’s nor the New England Power Pool’s proposals in themselves addressed performance adequacy, but the commission adopted elements of both. The first...

By Suzanne Herel WILMINGTON, Del. — An initiative that would allow generators to avoid underperformance penalties in the redesigned PJM capacity market was met by pushback from members who said it was premature and could undermine the new reliability product. The problem statement presented by Bob O’Connell on behalf of...

By Michael Brooks PJM is entitled to recoup $28 million in line-loss credits paid to virtual traders, FERC ruled last week, reaffirming a  2011 decision that the D.C. Circuit Court of Appeals ordered it to justify. In its response to the court’s 2013 remand, the commission found that repayment of...

By William Opalka FERC on Thursday denied a merchant transmission owner’s request for rehearing of a 2013 order that denied its complaint that NYISO improperly implemented its buyer-side market power mitigation exemption test. However, the commission granted a limited clarification and directed NYISO to make an additional compliance filing (EL12-98).

By William Opalka New York officials and others last week asked FERC to rehear an order that exempted renewable generation and self-supply resources from buyer-side mitigation rules in the state’s installed capacity market (EL15-64). The Oct. 9 order was seen by the commission as a way to exempt resources that...